Form 4: Dana Inc. Executive Timothy R. Kraus Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
SVP & Chief Financial Officer of Dana Inc., Timothy R. Kraus, reports the acquisition of 1,248 dividend equivalent rights related to previously granted restricted stock units.
Summary
- On August 30, 2024, Timothy R. Kraus, SVP & Chief Financial Officer of Dana Inc., acquired 1,248 dividend equivalent rights.
- These rights are associated with previously granted restricted stock units and become exercisable proportionately with those units.
- Each dividend equivalent right represents the economic equivalent of one share of Dana common stock.
- The price of each dividend equivalent right is $0.0000.
- Following the transaction, Kraus directly owns 4,967 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves dividend equivalent rights related to existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of 1,248 dividend equivalent rights. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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